Category: General

BP is close to ditching its troublesome Russian joint venture and resurrecting a controversial Arctic exploration alliance after holding “positive” talks with Vladimir Putin. Bob Dudley, BP’s chief executive, Carl-Henric Svanberg, its chairman, and...

Pension funds were put on alert yesterday as government statisticians paved the way for an overhaul of inflation measures that could shave billions of pounds from interest payments on holdings of gilts. Jil Matheson,...

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Fears of a trade war between the United States and China intensified on Monday after Barack Obama launched action at the World Trade Organisation to stop Chinese auto industry aid from threatening jobs in...

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China Construction Bank (CCB), the second-ranked Chinese bank by assets after Industrial and Commercial Bank of China, could spend as much as $15bn on a deal, according to Wang Hongzhang, the group’s chairman. “Some...

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America’s central bank said it will purchase 40bn dollars (25bn pounds) of mortgage-backed bonds a month to stimulate the housing market and keep long-term interest rates low. In a major departure from the two...